WTO ruling against China rare earths
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/1″][vc_single_image image=”1888″ alignment=”center” border_color=”grey” img_link_target=”_self” img_size=”200×150″][/vc_column][/vc_row][vc_row][vc_column width=”1/1″][vc_column_text]Recently, the WTO announced the United States, European Union, Japan v. China rare earths, tungsten, molybdenum export management measures related to the preliminary report of the Expert Group case. Expert Group approved a comprehensive resource and environmental protection measures on Chinese rare earths , tungsten, molybdenum taken, dismissed the application for EU companies molybdenum export quotas ” export performance ” requires discrimination against foreign companies claims, but ruled that Chinese export tariffs on the products involved, export quotas and export quota management and allocation measures do not comply with the relevant WTO rules and China ‘s WTO commitments.
Treaty and Law Department of Commerce has issued a statement, said the person in charge, faced with increasingly severe pressure on resources and the environment, the Chinese government in recent years to strengthen and improve the high pollution, high energy consumption of the integrated management of resource products. This is not only China conservation of exhaustible natural resources and the needs of the environment, but also to maintain the important efforts made global sustainable development. China believes that these management measures in line with WTO advocates sustainable development goals, and promoting resources, environment and human coordinated development. China will continue to comply with WTO rules and ways to strengthen the management of resource products, maintain fair competition.
The official said that China is currently evaluating the report panel decisions and make proper follow-up of the case under the WTO dispute settlement procedures, Accordance with the procedure 3-4 months after the case will usher in the final ruling.
March 13, 2012, the United States, Japan and Europe will export tariffs on Chinese rare earths, tungsten, molybdenum related products, export quotas and export quota management and allocation measures to resort to WTO dispute settlement mechanism, the two sides negotiated to no avail , the same year on July 23, establishment of a panel, as the case WTO ruling body. Brazil, Russia, increase take, Australia and other 16 members as a third party involved in the case for trial.
Chinese have been using only 23% of the world ‘s rare earth reserves, 47% of tungsten reserves to supply the international market, 90 percent of rare earth products and 80% of tungsten products.